Abu Dhabi-based asset manager Chimera Capital has secured $10 billion in capital commitments following the second close of its Alpha Wave Ventures II fund.
The venture capital fund is co-managed by Chimera and US-based manager Alpha Wave Global, which was formerly known as Falcon Edge Capital.
According to a statement, the fund will target growth stage companies in the fintech space as well as artificial intelligence, life sciences, consumer internet and B2B sectors.
“Through the fund, we will be investing in dynamic, tech-driven businesses that are providing innovative solutions to key problems, contributing to the development of the local knowledge economy, while strengthening Abu Dhabi’s position as a hub of innovation and technology,” said Syed Shueb, chairman of Chimera Capital.
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